New Tool Reveals Losses from Reduced Permanent Fund Dividend in Alaska
A new online resource, the PFD Doomsday Clock, is highlighting the financial impact of reduced Permanent Fund Dividends (PFD) in Alaska, a topic that has sparked significant political debate. Developed by Alaskan Phil Izon, the tool allows residents to assess how much money they have personally lost since full statutory dividends were suspended in 2016.
Using publicly available data, the website enables users to calculate their losses by simply entering the number of eligible family members. For instance, a family of four has lost over $20,000 to date—money that would have traditionally been disbursed directly from the Alaska Permanent Fund’s earnings to benefit residents.
Since the Bill Walker Administration made the controversial decision to halve the dividend payout in 2016, critics argue that the state has strayed from the program’s original intent, which was designed to ensure that all Alaskans benefit from the state’s resource wealth. Supporters of the reduced PFD maintain that it is essential for funding state services amid economic challenges.
As the current Legislature has set the PFD at just $1,000 for 2025, public outcry is growing for lawmakers to revert to the statutory distribution formula. With elections looming in 2026 and crucial budget discussions underway, the PFD continues to resonate as a significant issue reflecting Alaska’s shifting economic landscape.
The PFD Doomsday Clock offers a stark visual representation of Alaskans’ financial losses, serving as a reminder of economic shifts since the reduction. With mounting public pressure and ongoing legislative debates, the future of the PFD remains a critical concern for residents hoping to restore what they once had.
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Photo credit mustreadalaska.com
